The Red Queen Paradox: a proper name for a popular game

Article Abstract:

The story of the prisoners' dilemma has been criticized by Holm as dubious since confession is not needed for punishment to be decided. Another story can be used to illustrate the same concepts, without the problems of connotations relating to particular institutions found in the prisoners' dilemma story. This is the story of the Red Queen from Alice's Adventures in Wonderland, where the Queen runs since she is concerned that others are also running. No-one benefits from running, and if no-one ran, effort would be saved.

Analysis, Competition (Economics), Prisoner's dilemma game

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Government policies and industrial performance: an institutional analysis of the Indian experience

Article Abstract:

A study of Indian industry has compared the period between 1950 and 1951 with the period from 1988 to 1989. Industrial efficiency was higher in the 1950s than in the 1970s but there was an improvement during the 1980s with more progressive policies. Efficiency did not surpass 1950s levels in the 1980s, however. Physical capital and managerial capital tended not to be well utilized during the 1980s. It is important to study efficiency as part of an analysis of economic progress.

Manufacturing industry, Manufacturing industries, Economic policy, India

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A pragmatist approach to the proper scope of government

Article Abstract:

Issues are presented concerning the philosophical perspective of pragmatism which was held by the 20th Century American philosopher John Dewey. Fallibilism, consequentialism, experimentalism and antiskepticism are discussed.

Economic aspects, Economics, Beliefs, opinions and attitudes, Philosophers, Philosophy, Pragmatism, Consequentialism (Ethics), Fallibility, Dewey, John

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